Do trucks cost more to insure?
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UPDATED: Jan 14, 2022
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- Most trucks have higher values and cost more to insure
- RAM car insurance is more expensive than that of Ford F-Series trucks
- Collision auto insurance is the most expensive coverage for most trucks
- Trucks are safer than sedans and compact cars
Pickup trucks are popular vehicles known for their flexible and high-endurance performance. Trucks can be long-lasting automobiles, making them the favorite vehicle for most drivers.
But how much are car insurance rates for trucks? Do trucks cost more to insure? Is it possible to obtain affordable auto insurance if you own a truck? Don’t worry — we’re here to answer these questions and more.
Our guide reveals how much it costs to insure the most popular trucks in America, how the average insurance cost for pickup trucks compares to cars and SUVs, and why trucks have more expensive vehicle insurance.
Continue reading to learn why trucks cost more to insure. Enter your ZIP code in the free online quote tool above if you’re ready to compare multiple insurance companies near you.
Do trucks cost more to insure?
Yes, they do. However, it depends on the truck. Trucks are usually heavier than compact cars, sedans, and compact SUVs.
Trucks also contain powerful horsepower engines, advanced braking, and other features designed for heavy-duty functions.
Before we compare other vehicles to trucks, let’s examine the average monthly pickup truck insurance cost for the most popular trucks in the nation:
- Ford F-150 – $109/month
- Toyota Tacoma – $110/month
- GMC Sierra 1500 – $120/month
- Chevrolet Silverado 1500 – $122/month
- RAM Pickup 1500 – $126/month
Of the most popular trucks in America, RAM auto insurance is the most expensive. But your rates may vary. Several factors determine whether or not affordable truck insurance is available to you.
One of the most significant factors is your driving record. A clean driving record provides more affordable rates and useful discounts. High-risk drivers pay more expensive rates.
Other factors include the coverage level, the value of the truck, the driver’s age, the truck’s make and model year, and where the driver resides.
Are diesel trucks more expensive to insure?
The short answer is yes. Diesel trucks are heavier, larger, and have components that exceed the average capacity of most trucks.
How much is car insurance on a truck vs. a car?
Auto insurance for trucks is usually more expensive than it is for cars. The higher you go in the vehicle’s model year, the more expensive your monthly car insurance rates.
But what are the average insurance rates for trucks and cars? Let’s look at the latest car insurance rates for the most popular sedans and trucks.
|Popular Pickup Trucks||Monthly Car Insurance Rates||Popular Sedans (Compact Cars)||Monthly Car Insurance Rates|
|Ford F-150||$109||Honda Accord||$108|
|Toyota Tacoma||$110||Toyota Corolla||$115|
|GMC Sierra 1500/2500HD/3500HD||$120||Toyota Tacoma||$118|
|Chevrolet Silverado 1500/2500||$122||Nissan Altima||$119|
|RAM 1500/2500/3500||$126||Honda Civic||$127|
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Trucks are slightly less affordable than compact cars and sedans. Large, full-sized sedans may cost more per month, but trucks are typically more expensive regarding auto insurance.
What is cheaper to insure, an SUV or a truck?
Large SUVs share the same car insurance rates as trucks, but compact SUVs are much more affordable. SUVs with fewer features and lighter weights also have cheaper rates.
Let’s review how some of the most popular SUVs compare to the most favorable trucks for auto insurance.
|Popular Pickup Trucks||Monthly Car Insurance Rates||Popular SUVs||Monthly Car Insurance Rates|
|Ford F-150||$109||Honda CR-V||$94|
|Toyota Tacoma||$110||Ford Explorer||$108|
|GMC Sierra 1500/2500HD/3500HD||$120||Toyota Highlander||$116|
|Chevrolet Silverado 1500/2500||$122||Chevrolet Equinox||$113|
|RAM 1500/2500/3500||$126||Nissan Rogue||$117|
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Insurance rates for compact SUVs and standard SUVs are more affordable than that of trucks, but some trucks have SUV trims.
For example, the Chevrolet Silverado has a large SUV version. Both trims share the same engine capacity, except SUVs have a large hatchback door.
Which trucks have cheaper car insurance rates?
If you’re thinking about purchasing a smaller or less popular truck, consider buying a Chevy Colorado, a Ford Ranger, or a GMC Canyon.
But how much is auto insurance for these vehicles? Let’s take a look:
- Chevrolet Colorado – $101/month
- Ford Ranger – $103/month
- GMC Canyon – $109/month
Each truck has car insurance rates that are less expensive than the most popular trucks in the United States. If you have favorable, low-risk factors, you can secure more affordable rates.
Why is truck insurance so expensive?
There are several reasons why trucks are more expensive than sedans and compact SUVs.
Here are five reasons why car insurance for trucks costs more:
- Trucks have higher values
- They cause more damage to other cars
- Total loss accidents cause serious injuries
- There is an Increased risk of comprehensive damage during off-road commutes
- It’s more challenging to avoid obstacles
Your address is also a determining factor. Car insurance companies can look at your ZIP code and calculate your monthly rates.
ZIP codes, cities, and counties with more auto insurance claims generate more expensive monthly rates.
The Bottom Line: Do trucks cost more to insure?
Trucks do cost more to insure, but the final verdict lies with the driver. Regardless of which auto insurance company has your policy, your monthly insurance rates depend on your characteristics.
Drivers with a poor driving record pay more for car insurance. However, a vehicle with numerous safety features can reduce monthly rates.
Also, a driver who lives in an area with lower than average car insurance claims can save money. The only way to know for sure is to compare companies in your area.
Now that you know why trucks cost more to insure, use our free online quote tool to compare quotes from multiple insurance companies in your area.
Frequently Asked Questions: Do trucks cost more to insure?
Do you want to know more about truck insurance? Read these answers to frequently asked questions to learn more details.
1. Do pre-owned pickup trucks have more affordable car insurance rates?
Yes, they do. Used pickup trucks are less expensive because they have lower values.
2. What’s the average pickup truck insurance?
The average pickup truck insurance rate is $135 a month.
3. Do pickup trucks last longer than cars?
On average, pickup trucks last longer than sedans, compact cars, and most minivans.
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